Reeves’ Finance Act Opens Door to Retroactive Taxation of Non-Doms

The Adam Smith Institute’s new report into Reeves’ 2025 Finance Act – which will remove the historic non-dom status – concludes that remaining non-doms could be forced to pay a whopping 67% on the profits of foreign businesses. That’s thanks to a 45% rate on profits accompanied by a 39.5% dividend tax rate in addition to full UK personal taxation.[…] Read the rest